Save on 1998 GMC Sierra 1500 Insurance Rates

Buyers have many options when searching for the lowest priced GMC Sierra 1500 insurance. You can either spend your time driving around to compare prices or utilize the internet to get rate quotes. There are more efficient ways to find insurance online so we’re going to tell you the absolute fastest way to price shop coverage for a GMC and obtain the lowest possible price from both online companies and local agents.

Do you qualify for discount auto insurance?

Companies that sell car insurance don’t list all their discounts very clearly, so the following list contains both the well known as well as some of the hidden credits available to bring down your rates. If you do not check that you are getting every discount you qualify for, it’s possible you qualify for a lower rate.

• Passenger Safety Discount – Factory air bags and/or automatic seat belt systems may qualify for discounts of 20 to 30 percent.
• Service Members Pay Less – Having a deployed family member could mean lower premium rates.
• Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them sucessfully take a drivers education course in high school.
• Membership in Organizations – Being a member of a civic or occupational organization can get you a small discount on your policy.
• Theft Prevention Discount – Anti-theft and alarm system equipped vehicles help deter theft and that can save you a little bit as well.
• Waiver for an Accident – Not really a discount, but a few companies such as Libery Mutual, Geico and Allstate allow you one accident without getting socked with a rate hike so long as you haven’t had any claims for a certain period of time.
• No Accidents – Drivers who stay claim-free can save substantially in comparison to policyholders that have many claims.

Just know that most of the big mark downs will not be given to the overall cost of the policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Even though it appears you can get free auto insurance, company stockholders wouldn’t be very happy.

Larger auto insurance companies and their offered discounts are:

• State Farm policyholders can earn discounts including student away at school, anti-theft, Steer Clear safe driver discount, good student, good driver, and multiple policy.
• Progressive includes discounts for online signing, homeowner, multi-vehicle, continuous coverage, and multi-policy.
• Progressive may include discounts for online signing, homeowner, good student, multi-vehicle, and multi-policy.
• MetLife may offer discounts for good student, multi-policy, accident-free, defensive driver, and claim-free.
• Farm Bureau offers premium reductions for multi-policy, renewal discount, 55 and retired, safe driver, and youthful driver.
• Geico discounts include good student, emergency military deployment, military active duty, federal employee, and driver training.
• SAFECO has savings for homeowner, accident prevention training, anti-lock brakes, bundle discounts, anti-theft, teen safe driver, and multi-car.

When quoting, ask every company what discounts are available to you. Discounts may not apply in your state.

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Compare auto insurance quotes

There are a variety of methods to compare auto insurance prices but one way is more efficient than others. You could spend your day driving to insurance companies in your area, or you can stay home and use online quoting to get rates in a matter of minutes.

Many popular insurance companies participate in an industry program where prospective buyers enter their policy data once, and every company then gives them pricing based on that information. This eliminates the need for form submissions to each individual auto insurance company.

To submit your quote information now, click here (opens in new window).

The one downside to getting quotes like this is you can’t choose the insurers you will receive quotes from. If you wish to select individual companies to receive pricing from, we have assembled a list of the cheapest auto insurance companies in your area. Click here for list of insurance companies.

Take whichever approach you prefer, but ensure you are comparing equivalent quote information for each quote you get. If your comparisons have different deductibles then you won’t be able to find the best deal for your GMC Sierra 1500.

Seven factors that determine insurance premiums

Many factors are used when pricing auto insurance. Most are fairly basic such as traffic violations, but some are not quite as obvious such as your marital status or your financial responsibility.

Shown below are some of the items insurance companies consider when setting your premiums.

• Choose high IIHS safety ratings and save – Vehicles that have high safety ratings get lower rates. Highly rated vehicles reduce occupant injuries and lower rates of occupant injuries means your insurance company pays less passed on to you as lower rates. If your GMC Sierra 1500 has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
• Improve your credit rating – A driver’s credit history will be a significant factor in calculating your insurance rates. Therefore, if your credit score is not that good, you may save money insuring your 1998 GMC Sierra 1500 if you improve your credit rating. People with very high credit ratings tend to be less risk to insure than drivers with lower credit scores.
• Commute or pleasure use – The higher the miles on your GMC every year the more you will pay for insurance. The majority of insurers charge rates based on how the vehicle is used. Cars and trucks that have low annual miles receive better premium rates than those used for commuting. It’s a good idea to make sure your insurance coverage correctly shows the right rating data, because it can save money. Having the wrong rating on your Sierra 1500 is just wasting money.
• Vehicle options that lower insurance rates – Purchasing a vehicle with an alarm system can save you some money. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder auto theft and help lower rates.
• Does your job cost you more? – Did you know your insurance rates can be affected by your occupation? Jobs like doctors, architects and medical professionals tend to have higher rates than the rest of us due to stressful work requirements and incredibly demanding work hours. Other professions such as actors, athletes and retirees pay the least on Sierra insurance.
• Good drivers pay lower prices – Having a single ticket may increase your cost by twenty percent. Attentive drivers get better prices than bad drivers. Drivers who have gotten dangerous citations such as hit and run, DWI or reckless driving convictions might be required by their state to maintain a SR-22 with their state’s licensing department in order to prevent their license from being revoked.
• Get married and get cheaper rates – Having a significant other helps lower the price on your insurance policy. Having a significant other means you’re less irresponsible and insurance companies reward insureds because drivers who are married are more cautious.

What insurance coverages do I need?

When it comes to choosing adequate coverage for your vehicles, there isn’t really a “best” method to buy coverage. Your needs are not the same as everyone else’s.

These are some specific questions may help highlight whether or not you will benefit from professional help.

• Do I have any recourse if my insurance company denies a claim?
• Is my teen driver covered when they drive my company car?
• Is a new car covered when I drive it off the dealer lot?
• Do I pay less if my vehicle is kept in my garage?
• Is my dog or cat covered if injured in an accident?
• How do I insure my teen driver?
• Does my policy pay for OEM or aftermarket parts?
• Do I need replacement cost coverage?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form. It is quick, free and can provide invaluable advice.

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Car insurance coverage information

Knowing the specifics of your insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Liability insurance – Liability coverage will cover damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage pays for claims such as legal defense fees, court costs and medical services. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses like prosthetic devices, dental work, nursing services and surgery. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover you and your occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Comprehensive coverages – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like falling objects, hitting a deer and theft. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage – This coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your GMC Sierra 1500.

Because many people have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision coverages – This coverage covers damage to your Sierra 1500 resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as scraping a guard rail, sideswiping another vehicle, backing into a parked car and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

A tidy conclusion

When searching for the cheapest auto insurance quotes, don’t be tempted to sacrifice coverage to reduce premiums. There are a lot of situations where an insured cut uninsured motorist or liability limits only to discover later that their decision to reduce coverage ended up costing them more. The ultimate goal is to get the best coverage possible at the lowest possible cost while not skimping on critical coverages.

Consumers change insurance companies for any number of reasons including policy non-renewal, high prices, questionable increases in premium or unfair underwriting practices. It doesn’t matter why you want to switch finding a new company can be easy and end up saving you some money.

You just read a lot of information how to save on 1998 GMC Sierra 1500 insurance. It’s most important to understand that the more providers you compare, the better your chances of lowering your rates. Drivers may discover the biggest savings come from the smaller companies.

Helpful articles

• Understanding Limits and Deductibles (Allstate)
• What Auto Insurance is Cheapest for a GMC Sierra in Portland? (PortlandInsure.com)
• Reducing Your Risks in a Car Crash Video (iihs.org)
• Teen Driver Statistics (Insurance Information Insitute)
• Safety Features for Your New Car (State Farm)
• Tools for Teen Driving Safety (State Farm)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)

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